asked him a question: “Manuel,” said the King, “what is this Mallo? I see him with new horses and carriages every day. Where does he get so much money?” “Sire,” replied Godoy, “Mallo has nothing in the world; but he is kept by an ugly old woman who robs her husband to pay her lover.” The King shouted with laughter, and turning to his wife, said: “Luisa, what think you of that?” “Ah, Charles!” she replied; “do you not know that Manuel is always joking?” Europe rang with such stories, which were probably as old as the tales of folk-lore, but none the less characterized the moral condition of Spain. Whatever had been Godoy’s relations with the Queen they had long ceased, yet the honors, the wealth, and the semi-royal position of the Prince of Peace still scandalized the world. According to the common talk of Madrid, his riches and profligacy had no limits; his name was a by-word for everything that was shameless and corrupt. A young man, barely thirty-three years old, on whose head fortune rained favors, in an atmosphere of corruption, was certainly no saint; yet this creature, Manuel Godoy, reeking with vice, epitome of the decrepitude and incompetence of Spanish royalty, was a mild, enlightened, and intelligent minister so far as the United States were concerned, capable of generosity and of courage, quite the equal of Pitt or Talleyrand in diplomacy, and their superior in resource. In the eyes of Spain, Godoy may have been the most contemptible of mortals; but American history cannot estimate his character so low. Godoy negotiated the treaty of 1795 with the United States, and did it in order to redress the balance which Jay’s treaty with England disturbed.[90] The Spanish treaty of 1795 never received the credit it deserved; its large concessions were taken as a matter of course by the American people, who assumed that Spain could not afford to refuse anything that America asked, and who resented the idea that America asked more than she had a right to expect. Fearing that the effect of Jay’s treaty would throw the United States into the arms of England at a moment when Spain was about to declare war, Godoy conceded everything the Americans wanted. His treaty provided for a settlement of the boundary between Natchez and New Orleans; accepted the principle of “free ships, free goods,” so obnoxious to England; gave a liberal definition of contraband such as Jay had in vain attempted to get from Lord Grenville; created a commission to settle the claims of American citizens against Spain on account of illegal captures in the late war; granted to citizens of the United States for three years the right to deposit their merchandise at New Orleans without paying duty; and pledged the King of Spain to continue this so-called _entrepôt_, or “right of deposit,” at the same place if he found it not injurious to his interests, or if it were so, to assign some similar place of deposit on another part of the banks of the Mississippi.